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THE SAUDI BRITISH BANK (SABB) ANNOUNCES RECOMMENDATION OF THE BOARD OF DIRECTORS TO DISTRIBUTE INTERIM CASH DIVIDENDS TO SHAREHOLDERS FOR THE FIRST HALF OF 2018

SAB 1060 4.63% 35.00 1.55

The Saudi British Bank (SABB) announces that the Board of Directors has passed a resolution on Monday, 23 July 2018 recommending the distribution of interim cash dividends to shareholders for the first half of 2018 as follows:

1. Total distribution amount: SAR 1440 Million.

2. Number of shares entitled to dividends: 1500 Million.

3. Distribution per share: SAR 0.96 per share.

4. Percentage of distribution to share nominal value: 9.6%

5. The eligibility of the first half dividends shall be for the shareholders owning shares on the due date on 02 August 2018 and those shareholders registered in the Bank share registry at the Depository Center (SDC) at the end of the second trading day following the due date.

6. Distribution date: Payment will commence effective from 16 August 2018 to shareholders by crediting such dividends to the accounts linked to their investment portfolios.

The Bank wishes to draw the attention of non-resident investors that cash distribution paid through resident financial broker is subject to a withholding tax of 5% upon transfer to the non-resident investor or crediting the amount to its account in accordance with the provisions of Article (68) of the Income Tax Law and Article (63) of its Implementing Regulation.

As for shareholders whose accounts details are not available or incomplete, they may visit the nearest SABB branch or contact the Shareholders Registry Unit on Tel. No. 0112764141 / 011 2764140 to update their information and arrange for receipt of their dividends.

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